Sata Construction Co.,Ltd. [1826.T]
TOKYO, Jun 26 (Pulse News Wire) – Sata Construction CO.,LTD. (1826.T) announced plans to distribute restricted shares to five executives on July 23, 2026.
The distribution involves ordinary shares totaling 17,700 at a price of ¥996 per share, resulting in a total value of ¥17.6 million. This move follows the approval of a restricted stock compensation system at the company's shareholder meetings in 2020 and 2024, aimed at incentivizing long-term growth and fostering closer alignment with shareholders. Under this system, executives receive restricted shares based on monetary rewards up to ¥36 million annually, which they must invest back into the company’s common stock. The restricted shares distributed this time are linked to principal monetary rewards of ¥17.6 million and involve 17,700 ordinary shares.
A restriction agreement will be signed between the company and the executives, prohibiting the sale or pledge of these shares until July 22, 2056. Exceptions apply if executives retire due to normal reasons during the restriction period, allowing partial lifting of restrictions based on their tenure. Additionally, the company retains the right to acquire any undistributed shares free of charge upon expiration of the restriction period or if the executive leaves the company prematurely. The shares will be managed through dedicated accounts set up with Nomura Securities to ensure compliance with the restrictions.
🟢 Confidence: High AI-translated content.